Predicting, even assuming the u. K. Has a smooth exit from the European Union in october, the in 2019, 1 grow 1 in 2020. The group says there is a one in four chance the economy is already shrinking. India has launched at second Unmanned Mission to the moon, trying to become the first country to land on the south pole. The indian spacecraft is due to reach the moon in 48 days. The lunar rover will operate for at least two weeks on the surface looking for signs of water and helium. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. In new and his 1 00 york, 6 00 in london, 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories we are following. More fighting words for the fed. President trump on the central bank, calling it misguided. Steven oh joins us in a few minutes. Not falling
Sinking again. And we continue the week long special with the best ideas heading into q4. It is tuesday, september 26th, 2023 you are watching Worldwide Exchange right here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. We kickoff the day with the check of the futures the first winning session in five a clear change of direction here in the futures the dow set to open 125 points lower. The s p and nasdaq both down about. 50 in the premarket we are checking the bond market with the 10year treasury at the highest level since october of 2007 look right now at 4. 52 also the 2year treasury is 5. 12 you see it is elevated we are looking at the energy markets. Oil is giving back a bit look right now at wti crude below 90 a barrel down 1 this morning brent crude at 92. 28. Similar for the Natural Gas Market down 1 this as the dollar adds to impressive gains up 2. 7 this quarter alone and on pace for the best quarter since q3 of 2022 you can see the dollar up fractionall
Bezos and tim cook attending. Caroline a global ai coalition on his visit to the middle east and the next stop may be we will see him over on capitol hill. We will discuss that and more. We will start on these markets up. 25 . The nasdaq managing to pull itself up. This is once again really tackling inflationary pressures whether it is the ppi number or the cpi print showing inflation pressures dialing up. We see managing the nasdaq to outperform as markets pullback. I am looking at the two year yield where we are outperforming on the front end of the curve all the back end is pushing higher. The big move was yesterday and what is happening in the euro but what is happening in the Federal Reserve and global world banks and Central Banks and what the ecb said. Staying put in terms of Interest Rates but signaling that inflation pressures are dialing down and we could see cuts coming off by. 3 . We have a look at what else is performing. Crypto down. 2 and we just saw that 70,000 level. E
We got a bit of her take on the markets. Take a listen. This is a source of some concern that asset valuations are so high. What we look at is if stock prices and asset prices were more generally were to fall, what would that mean for the economy as a whole and the Financial System is much better capitalized the Banking System is more resill yen resilient. I think our overall judgement is if there that there were to be a decline in asset valuations, it would not damage the core of our Financial System with more on all this lets bring in the professor of finance at the warden Business School still celebrating the eagles World Championship last night. Congratulations. What a game. Jeremy i was there got back to philly at 4 00 a. M im the happiest man wow. What can i say its actually my first super bowl i didnt get to the previous one. But ill never forget it im sure not. Something to treasure forever. That is absolutely true for any fan of philly. As far as market go, i know its short te
Matt we are nearing the Halfway Point at the trading day. Lets go to the markets were Abigail Doolittle has the latest. Abigail great to be here. Good to see you in person. We do have a nice rally going on here for u. S. Stocks, the dow s p 500 and nasdaq are all nicely hired. We see the bullish activity accelerating for the day. Nice exemplified the dow having its best day since august 5. We pull up a chart in the bloomberg, beautiful rally. This is where we started. We are now nicely higher on the best day for the dow since august 5. Of the s p 500, it is a bit a different story. We have the s p 500 languishing to some degree in a range interestingly unchanged over the last 10 days despite some of the choppiness in the range. Individual movers, lets look at stocks moving on music news, starting with amazon and pandora. Up nicely on the news out of a report from the Financial Times that the company could want a streaming Music Service very soon. Perhaps as soon as next month. Pandora